Most Recent Auto Insurance Articles in Used Car Insurance

There are different types of coverage when it comes to auto insurance policy. They are specifically designed to address the different and growing needs of the consumers. There is Financial Responsibility Limit set by every state. This is the minimum amount of coverage car owners and drivers must possess as mandated by the law. However consumers are still given liberty to go beyond this but not below it otherwise one will be underinsured. That is why there are varying types … (more) September 13, 2010

Are you thinking of getting a used car instead of new car? Yes, it may sound like a cheaper deal, but sure to check everything before making any purchases. Apart from the vehicle itself, you seriously need to consider the used car insurance you will need in the future. Some key considerations to help you determine if your purchase is really worth your time, money and effort: 1. Collect all possible information you can about the vehicle. Since you are … (more) March 27, 2010

In Birmingham, Alabama and across the whole state, tort system is still followed when it comes to auto insurance claims settlements. Alabama is actually one of the few states that still follow this system. Others have already migrated to the no-fault policy. Tort determines who caused the accident, and then that party with his insurer will have to cover all costs incurred in the accident, whether for physical injuries and death or property damage. With this in mind, if you … (more) March 6, 2010

Hobbyists love to restore antique cars. It is an expensive hobby that causes a collector a good fortune and a lot of time and effort to bring back a car to its original state. They get a sense of fulfillment and pride out of restoring cars. The money and time spent for these vintage cars are so immeasurable that used car insurance is very important. It will protect these possessions in the event of theft or if it gets damaged … (more) February 14, 2010

Are you having a hard time selling used car insurance? It is not true that there is no market for it. Statistics show that the sales of secondhand cars are far exceeding the sales of brand new cars in the last five years. This can be attributed mainly to the steady decline of the global economy. It is more difficult now to finance a brand new car rather than just settle for a secondhand one. If indeed there is an … (more) February 7, 2010

Do not think that just because a used car is not brand new that you will automatically get lower premiums on your used car insurance. It does not work that way. Insurance companies consider a lot of factors first before computing for insurance rate on your used car. Hence, before you head out at a car auction sale to shop, learn first about how to lower your insurance premium. Otherwise, you might end up exceeding your budget in buying a … (more) January 30, 2010

Even used vehicles need insurance for protection. If you have purchased a second-hand car, the next thing you need to buy is used car insurance. Here are the top 5 things you need to look closely into if you are planning to get used car insurance for your second-hand vehicle: 1. Take advantage of competition – most automobile owners do not recognize the insurance industry as a competition among many insurance companies. Now that you know that competition is taking … (more) January 25, 2010

Owning your own car definitely provides a lot of convenience. You can go anywhere you want at anytime you want. However, because of the not so good turn of events in the nation’s economy, owning a car can be very expensive. Those who dream of driving a car they can call their own may not see their dreams come true. Those who work really hard may have their dreams come to life, but it requires hard work and perseverance. To … (more) January 23, 2010